credo christian elementary school 2022 staff britannia

Branches

In This Issue:

• Short Reports of Board Meetings

• Minutes of May 26, 2021 Budget Meeting

• AGM October 27 Agenda

• Board Nominee Profiles

• Financial Statements

The purpose of our parental Christian School is to educate our children to develop their individual potential and to acquire the

knowledge, skills and attitudes needed for a life of responsible stewardship in God's Kingdom.

Board of Directors

Paul Sikma (2022)

Ian Moes (2021)

Keith Broersma (2022)

Roger Aikema (2021)

Richard Welfing (2021)

Brad VanOene (2022)

Stuart Vanderhorst (2023)

Mirjam Scholtens (2023)

Education Committee

Otto Bouwman

Yvonne Jacobi

Kathy Noort

Lydia Driegen

Membership Committee

Roger Aikema

Kyle Mostert

Katie Vandergaag

Finance Committee

Ian Moes

Maintenance Committee

Stuart Vanderhorst

Darryl Hofsink

Ivan Scheper

Staff

Otto Bouwman

Jennifer Onderwater

Leslie Scholtens

Mary MacDougal

Adrienne Kieneker

Debora Minderhoud

Stephen Chase

Wendy Winkelaar

Evelynn Scheper

Katelyn Mostert

Linda VanSpronsen

Natasja VanRhee

Nadine Krikke

Ben Vandergugten

Diana Nobel

James Kanis

Deborah Huttema

Yvonne Jacobi

Mekayla Bouwman

Rose Doulome

Lizzy Breukelman

Alex DeBoer

Lisa Devries

Tania Grim

Yolanda Hoogstra

Robyn Kampen

Kim Meints

Jolena Onderwater

Shania Pol

Spencer Pruim

Wilma Santema

Lindsay Schouten

Shelley Sikma

Jacqueline Spoor

Sharon Struik

Nadia VanRhee

Joy VanVliet

Breanne VanWoudenberg

Meghan Visscher

Jackie VanOene

Belinda Dykstra

Kendra Vandergaag

Credo Aid

Marcia Wildeboer

Allison Vandeburgt

Fee Structure 2021-2022

Membership / 125.00

Kindergarten / 365.00

Elementary (1-5) / 575.00

Chairman

Vice-Chair/Treasurer

Secretary/CCSTA

Fundraising/Membership

Valley-Wide Committee

CCHS Representative

IT/Maintenance

EdCom/Staff Relations

Mirjam Scholtens

Jacoba Leyenhorst

Jennifer Onderwater

Garett Vane

Mandy Dewit

Joel Vandergriendt

Kendra Vandergaag

Belinda Dykstra

Roger Aikema

Al Scholtens

Matt Schouten

Principal

VP & Grade 1

Kindergarten

Grade 1 & 2

Grade 1

Grade 2

Grade 3

Grade 3

Grade 4

Grade 4

Grade 5

Grade 5

Grade 6

Grade 7

Grade 8

Grade 8

SpEd, LA

Music - Elementary

Music - Middle

French - Middle

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Librarian

Bookkeeper

Office Administrator

Marilyn Mostert

Leanne Grim

Cheryl VanDenHoven

Middle (6-7) / 595.00

Grade 8 / 720.00

Junior High (9-10) / 745.00

Senior High (11-12) 795.00

Volume 34

Issue 2

October 13, 2021

Grade 5

Credo Christian Elementary School

2021-2022 Staff

Grade 5 Squamish Field Trip Britannia Mines - Shannon Falls - Alice Lake

Psalm 100:5 - Gr8A Classroom

Branches

2

Short Reports of Board Meetings

Short Report of the Meeting of the

Board of Directors of Credo Christian Elementary School

June 14th, 2021

Opening and Welcome: The Chairman, Paul Sikma,

opened the meeting by reading from Scripture and

prayer. He welcomed the Directors and Principal Otto

Bouwman to the meeting.

Agenda Approval: The agenda for the regular board

meeting was approved.

Minutes and Short Report: The Minutes and Short

Report of the regular May 10, 2021 Board meeting

and the May 18, 2021 Zoom Board meeting were

adopted. The Minutes and Short Report of the May

26, 2021 Membership meeting were approved for

publication in the next issue of Branches.

Principal’s Report: Otto Bouwman presented the

Principal’s Report for June 2021. The new Report

Protocols Policy (ie. report cards/parent-teacher-

student conferences) was revised slightly. Various

staffing considerations for next year were discussed.

Chairman’s Report: Paul Sikma reported on his

activities as chairman. Work with William of Orange

Christian School (WOCS) on the proposed

repurposing of the WOCS Association is ongoing.

General Business: The Board gratefully accepted the

donation of a 24-seat bus to CCES – thank you

Benchmark!

Finance Committee: The income statement and

accounts receivable for May 30, 2021 were reviewed.

Valley-wide Implementation Committee: Richard

Welfing reported that feedback on the fundraising

roll-out at the recent Valley school Membership

meetings has been positive. The Committee is

updating the demographic information for the Valley.

Education Committee: The Board reviewed the

Church History curriculum report and supported the

recommendations in the report.

Membership Committee: Membership movement is

noted. We are grateful for the continued interest in

and support for the work done at CCES.

Maintenance Committee: Stuart Vanderhorst

reported that the renovation planning is going well.

There is no Township permit yet for the portable, but

the Committee is working on this item.

Next Meetings / Events: The next regular Board

meeting is planned for September 13, 2021.

Closing: Otto Bouwman offered a prayer of

thanksgiving. Paul Sikma closed the meeting and

thanked all for coming.

Short Report of the Meeting of the

Board of Directors of Credo Christian Elementary School

September 13th, 2021


opened the meeting by reading from Scripture and

prayer. He welcomed the Directors and Principal Otto

Bouwman to the meeting.

Agenda Approval: The agenda for the regular board

meeting was approved.

Minutes and Short Report: The Minutes and Short

Report of the regular June 14, 2021 Board meeting

October 13, 2021

3

and the Minutes of the August 23, 2021 Zoom Board

meeting were adopted.

Principal’s Report: Otto Bouwman presented the

Principal’s Report for September 2021. The Board

approved provision of more teaching time for the

Grade 4 Music class.

Chairman’s Report: Paul Sikma reported on his

activities as chairman.

General Business:

• This is the 35th year of operations at CCES!

Hopefully we can highlight the anniversary at a

community event in the spring.

• Sept.30 is cancelled as an instructional day due

to the new Truth & Reconciliation holiday.

• The Board will initiate the process to find

nominees to fill the upcoming 3 Board vacancies

at the October 27 Membership meeting.

Finance Committee: The income statement and

accounts receivable for June 30, 2021 were reviewed.

The Board approved increasing the Restricted

Reserve Fund from 10% of the Government grant to

15%. The Restricted Reserve Fund is a “rainy day”

reserve, should government funding be cut back or

cancelled.

Valley-wide Implementation Committee: Richard

Welfing reported that the work of the Land

Acquisition Taskforce is ongoing. The updated

demographic information for the Valley indicated

that the “centre of gravity” for school membership

families in the Valley is the approximately the same

as it was in 2017.

Education Committee: Lydia Driegen was appointed

to the Education Committee.

Membership Committee: Joel Vandergriendt was

appointed to the Membership Committee.

Maintenance Committee: Stuart Vanderhorst

reported that the portable will be done very soon.

Next Meetings / Events: The next regular Board

meeting is planned for October 12, 2021.

Closing: Keith Broersma offered a prayer of

thanksgiving. Paul Sikma closed the meeting and

thanked all for coming.

Membership Meeting Minutes

Minutes of the Meeting of the Board of Directors of

Credo Christian Elementary School with the Membership

May 26, 2021 via “Zoom”


welcomed all those present virtually and opened the

meeting. He read from Romans 12:9-21 and followed

with prayer. A quorum of members was present at

the opening of the meeting.

Agenda: The agenda was adopted as presented.

Approval of Minutes: The minutes of the CCES

membership meeting held November 4, 2020 were

distributed prior to the meeting. A motion to adopt

the minutes as presented was approved through the

Zoom polling feature.

Next Year at Credo Presentation: The Chairman

invited Otto Bouwman and James Kanis to provide an

update on what to expect next year at Credo in terms

of classes, teaching assignments, EAs, classrooms,

renovations, program delivery (including Middle

School), etc.

Valley-Wide High School Implementation

Committee (VWHSIC) Update & Fundraising

Presentation: The Chairman invited Will VanOene to

share the fundraising kick-off presentation on behalf

of the VWHSIC, with a fundraising campaign theme of

“Building on Our Blessings”. The presentation traced

Branches

4

the history of the Canadian Reformed Schools in the

Fraser Valley, from the early 1950s until today. As the

Canadian Reformed community continues its

eastward shift, the school societies are continuing

with the 2019 Valley-wide plan vision, which includes

a relocated Credo High School in Abbotsford.

The anticipated costs of Middle School, land purchase

in Abbotsford, construction of the new high school

were reviewed. The presentation included cost

breakdowns per school society members and also per

CanRC households in the Fraser Valley. The campaign

aims to raise $5M by end of 2021. An inspirational

video was then shown, highlighting the importance of

Reformed education and also including appearances

from past educational leaders in our community.

An opportunity for questions from the floor was

given. A number of questions were asked:

Q: Can we get the breakdown of how much each

member is encouraged to give? This information can

be provided through the school’s publications.

Q: Is there someone on the task force looking for

property? Yes, the Land Acquisition Committee is very

active.

Q: What is the timeline for selling WofO? The

Committee is always considering opportunities, but a

sale is not likely in the very near future.

Q: With every Elementary/Middle school operating

separately and now CCES bearing the burden of over-

crowded classrooms for the foreseeable future, why

should we as parents of CCES students feel obligated

to donated to a 4-million-dollar project for

JCCS when we are allotted $200,000 for our

renovations/portable? Can we donate separately to

the high school project? We are working together to

realize the collective goals that all three societies

approved. We agreed to have one pool of money - the

Valley is working together on this project.

Q: Why are we not selling WofO to pay for the JCS

Gym/expansion? The Valley-wide project has a

number of funding sources identified: donations and

sale of WOCS/CCES. The sale of these 2 assets is

anticipated in the future to support the Valley-wide

plan.

Shop Easy Program Presentation: The Chairman gave

the floor to Brenda Beukema, to provide a

presentation on the benefits of the Shop Easy

program. This is a great way for our community to

raise funds. Currently CCES has 47 monthly users, 26

of which have children at CCES. In the spirit of friendly

competition it was mentioned that JCCS hands out

$40,000 in gift cards per month, while Credo hands

out $24,000. Brenda also mentioned that ShopEasy

would love to have a representative from the

Cloverdale area.

Middle School Resolution: The May 2019 Valley-

Wide Plan report outlined that a vote would occur

amongst all the memberships once the capital costs

of Middle School were known. The Middle School

Resolution is being voted on by all 3 elementary

school memberships as a confirmation that the

memberships remain in support of the plan and vision

outlined in the May 2019 Valley-Wide Plan.

A motion to adopt the resolution as presented was

approved through the Zoom polling feature.

CCES Operational and Capital Budget for 2021/22:

The Chairman gave the floor to the Board Treasurer

Ian Moes, to present the CCES Operational Budget for

2021/2022. The changes from the previous year were

explained and the budget notes were further

clarified. Tuition increases ranging from $10 -

$35/month tuition are proposed. A tuition fee

comparison was also made between Credo, JCS and

Langley Christian, which indicated that Credo’s tuition

fees are generally the lowest of the 3 schools.

A 5-year capital plan was included at the end of the

budget. Items included in the capital budget were

explained along with proposed timelines for

completion.

An opportunity for questions from the floor was

given. A number of questions were asked:

October 13, 2021

5

Words of Welcome

As a school society, we would like to extend a heartfelt welcome to the following families,

Jimmy & Yoomi Kim

Joel & Rose Vandergriendt

Stan & Jackie Van Grootheest

Kevin & Esther Wubs

We are thankful to have you join us and pray you may enjoy the blessings of our school community.

Q: The SpEd grant Revenue is going up by

approximately $135,000, which I’m assuming is

coming in for funded children? Yes, that is correct.

Q: What is a short throw projector? It’s close to the

wall.

Q: The SpEd salaries are going up by $113, 000, which

leaves another $20,000, so why has the amount for

consultants, therapists and software not gone up?

The salaries and benefits have increased in terms of

teachers and support staff. There has not been an

identified increased need for consultant, software

therapists at this time.

Q: Is the $120,000 in the budget a part of the

$200,000 improvements? $45,000 of the $120,000 is

part of the $200,000 improvements previously

approved at the Fall 2020 Membership meeting, but

which we expect to spend in the 2021/22 budget year.

Q: When considering capital improvements such as

repaving the driveway, are we considering the

expected lifespan of the property before it is sold

(2029)? Yes we are.

Q: Are the staff and administration being

compensated for additional time spent implementing

middle school and facilitating change? No. No specific

compensation is allocated for that.

Q: How is the portable expense shown?

Approximately $155,000 of the portable expense will

be spent in the current 2020/21 budget year, and will

be shown on the 2020/21 financial statements.

A motion to accept the Operational Budget and the 5-

year Capital Plan Budget for 2020/2021 as presented

was unanimously approved through the Zoom polling

feature. The membership was thanked for their

support.

Question Period: An opportunity for general

questions from the floor was given. Nick Vanderven

was thanked for facilitating the Zoom meeting.

Q: What happens if WofO votes against the proposal?

At this point there is no indication that this would

happen. If it did happen, the Boards would have to

work together to come up with a solution.

Q: Can the new portables that were purchased at

WofO be moved to Credo? No, that is not possible.

The chairman encouraged the membership to always

feel free to ask Board members any questions.

Thanksgiving Prayer: Paul Sikma led in thanksgiving

prayer.

Adjournment: The Chairman, Paul Sikma, closed the

meeting and thanked all for attending virtually.

Branches

6

CCES Annual General Meeting October 27, 2021 at 8:00 pm

*Anticipating an in-person meeting – location to be confirmed*

1. Opening and Welcome

2. Minutes of the May 26, 2021 Membership Meeting

3. Business Arising from the Minutes

4. Board Elections for 3 Vacancies

5. Annual Report - Keith Broersma

6. VWHSIC Update - Richard Welfing

7. Review of Financial Statements - Ian Moes

8. Report of Membership Review - Ian Moes

9. Appointment of Accounting Firm - Ian Moes

10. Awarding of Scholarship for Teachers in Training

11. Question Period

12. Closing

Board of Directors – Nominee Profiles

James Bredenhof lives with his wife Jan and his 4 children in Brookswood. They attend Cloverdale CanRC. James

has previously served on the board of William of Orange (secretary), and Cloverdale deacons/council (secretary,

calling committee). James works as customer support manager for a rapidly-growing Vancouver-based software

company that does risk and financial modeling for infrastructure companies such as BC Hydro and Enbridge.

Although James’ youngest child is now at Credo High, he’s appreciative of the education his kids previously

received at Credo Elementary, and is eager to contribute.

David Doornbos and his wife Nicole attend Langley Canadian Reformed Church with their two sons Hendrik

(Kindergarten)and Jonah (at home). Dave owns a strata property management company in White Rock and has

served as church treasurer. Dave welcomes the opportunity to serve.

Ivan Scheper and his wife Kait live in Aldergrove with their 5 kids. Devon is in grade 8, Olivia is in grade 5, Blake is

in grade 4 and Jayden is in grade 3, with Markus at home yet. He has run Faraday Electric for the past 3 years,

having taken the business over fully from his dad in 2018. He coaches soccer in the Aldergrove Youth Soccer

Association, and enjoys getting out camping in the backwoods whenever life allows. Ivan has served on various

committees for the school, including the Education committee and the Maintenance committee, as well as the

Committee of Administration at Aldergrove Canadian Reformed Church and would welcome the opportunity to

serve further on the board of CCES.

Ryan Sikma and his wife Jen live in Langley with their 5 kids Camia (13), Caleb (9), Calvin (6), Matthew (4) and

Simon (9 months) and attend Langley Canadian Reformed Church. Ryan is currently working at 3DM Devices in

Aldergrove, BC as a software Developer. He has served as a member of the Membership Committee and is

currently a member of the IT Committee. Ryan also is part of the Men of Integrity Conference Board. Ryan would

welcome the opportunity to serve on the CCES Board.

October 13, 2021

7

Mary-Anne VanderHorst - My husband Burke and I are members of the Langley Canadian Reformed Church. We

have 4 children: Jacob (grade 9), Ben (grade 7), Lucy (grade 5) and Ellie (grade 3). I completed my Bachelor of

Business Administration at TWU and my Bachelors of Education at UBC. I currently work for an Independent

Online School, Traditional Learning Academy, as the Vice Principal of their grade 10-12 program. I would welcome

the opportunity to serve the CCES membership as a board member.

Richard Welfing and his wife Linda live in Langley with their 5 children (3 currently in CCES) and attend Langley

Canadian Reformed Church. Richard is a Professional Engineer and employed at the Township of Langley as

Manager of Engineering Services. He completed a Masters of Business Administration in 2015. He has served on

various church committees, has been a board member of CCES since 2018 and is the chair of the Valley Wide High

School Implementation Committee. Richard would welcome the opportunity to continue serving the membership

of CCES as a member of the Board.

The following pages from the Financial Statements of the Canadian Reformed School Association of

Langley, BC for the year ended June 30, 2021 are presented for information.

Canadian Reformed School Association of Langley

Board Director Nomination Form

We hereby nominate __________________________________________________________________

to stand for election as a Director on the Board of the Canadian Reformed School Association of Langley,

B.C. at its Fall 2021 Membership Meeting.

____________________________________________/_______________________________________

Name and signature of first nominator

____________________________________________/_______________________________________

Name and signature of second nominator

I, ___________________________________________________________ hereby agree to allow my name

to stand for election as a Director of the Canadian Reformed School Association of Langley.

____________________________________________/_______________________________________

(nominee’s signature) date

INDEPENDENT PRACTITIONER'S REVIEW ENGAGEMENT REPORT

To the Members of Canadian Reformed School Association of Langley

We have reviewed the accompanying financial statements of Canadian Reformed School Association ofLangley (the Society) that comprise the statement of financial position as at June 30, 2021, and thestatements of changes in net assets, operations and cash flows for the year then ended, and a summaryof significant accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements inaccordance with Canadian accounting standards for not-for-profit organizations (ASNPO), and for suchinternal control as management determines is necessary to enable the preparation of financial statementsthat are free from material misstatement, whether due to fraud or error.

Practitioner's Responsibility

Our responsibility is to express a conclusion on the accompanying financial statements based on ourreview. We conducted our review in accordance with Canadian generally accepted standards for reviewengagements, which require us to comply with relevant ethical requirements.

A review of financial statements in accordance with Canadian generally accepted standards for reviewengagements is a limited assurance engagement. The practitioner performs procedures, primarilyconsisting of making inquiries of management and others within the entity, as appropriate, and applyinganalytical procedures, and evaluates the evidence obtained.

The procedures performed in a review are substantially less in extent than, and vary in nature from, thoseperformed in an audit conducted in accordance with Canadian generally accepted auditing standards.Accordingly, we do not express an audit opinion on these financial statements.

Basis for Qualified Conclusion

Note 2 indicates that the Association's interest in a joint venture is not reported in these financialstatements. The effects of this departure from ASNPO on the unaudited financial statements has not beendetermined.

(continues)

1

Independent Practitioner's Review Engagement Report to the Members of Canadian Reformed SchoolAssociation of Langley (continued)

Qualified Conclusion

Based on our review, except for the possible effects of the matter described in the Basis for QualifiedConclusion paragraph, nothing has come to our attention that causes us to believe that the financialstatements do not present fairly, in all material respects, the financial position of Canadian ReformedSchool Association of Langley as at June 30, 2021, and the results of its operations and its cash flows forthe year then ended in accordance with ASNPO.

Langley, British ColumbiaOctober 13, 2021 CHARTERED PROFESSIONAL ACCOUNTANTS

2

CANADIAN REFORMED SCHOOL ASSOCIATION OF LANGLEY

Statement of Financial Position

June 30, 2021

2021 2020

ASSETS

CURRENTCash $ 806,516 $ 714,538Accounts receivable 205,420 215,078Inventory 2,500 2,500Goods and services tax recoverable 7,005 4,426Prepaid expenses 12,166 7,290

1,033,607 943,832

PROPERTY AND EQUIPMENT (Note 4) 1,213,104 1,195,806

$ 2,246,711 $ 2,139,638

LIABILITIES

CURRENTAccounts payable $ 135,069 $ 123,876Government remittances payable 45,688 41,279Deferred contributions 2,500 -Prepaid tuition 23,338 3,778Due to Credo Christian High School (Note 5) 97,989 95,685

304,584 264,618

DEFERRED CAPITAL CONTRIBUTIONS (Note 6) 444,315 434,326

748,899 698,944

NET ASSETSInvested in property and equipment 768,789 761,480Restricted for grant reserve 457,785 231,096Unrestricted 271,238 448,118

1,497,812 1,440,694

$ 2,246,711 $ 2,139,638

COMMITMENTS (Note 8)

APPROVED ON BEHALF OF THE BOARD

_____________________________ Director

_____________________________ Director

The accompanying notes form an integral part of these financial statements3

_____________________________

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Statement of Operations

Year Ended June 30, 2021

Budget Total Total2021 2021 2020

REVENUEGovernment grants (Note 7) $ 902,286 $ 1,004,408 $ 912,216Tuition 1,099,680 1,090,750 1,092,055Membership and entrance fees 66,000 70,450 81,925Donations 14,099 15,122 16,366Credo Aid donations - 10,336 26,095Fundraising revenue 15,000 5,000 -Donations - Foundation - 47,400 -Other income 2,000 4,515 3,542Government grants - Special Education 141,400 214,200 141,400Donations - Special Education 500 - -

2,240,965 2,462,181 2,273,599

EXPENSES Education

Payroll and benefits 1,116,350 1,102,942 1,043,251Educational resources 70,750 60,033 53,196Temporary wage subsidy - - (24,465)

Total education 1,187,100 1,162,975 1,071,982

Special Education

Salaries and benefits 174,415 212,302 120,623Textbooks and supplies 2,700 419 3,208Therapists 32,700 25,934 31,790Consultants 2,000 - 1,427

Total special education 211,815 238,655 157,048

General

Bad debts (recoveries) - 2,600 1,390Accounting and legal 7,800 9,220 8,047Bank charges and interest 850 776 821Office and miscellaneous 19,385 16,254 19,921COVID safety (Note 7) - 30,845 -

Total general 28,035 59,695 30,179

Building

Repairs and maintenance 80,500 63,586 67,577Insurance and utilities 36,000 36,979 31,628

Total building 116,500 100,565 99,205

Transfers

High school tuition transfer (Note 5) 591,985 607,980 596,213Reformed curriculum development fund 2,170 - 2,090Teachers' College payments 4,000 4,000 4,000FISA membership 1,860 1,870 1,859Donations - Foundation 650 47,400 -

Total transfers 600,665 661,250 604,162

(continues)



Statement of Operations (continued)


Budget Total Total

2021 2021 2020

Transportation 150,700 148,694 117,939

150,700 148,694 117,939

Reimbursed by Credo AidLibrary - 521 1,000Educational resources - 2,186 886Sports - 1,521 1,465Field trips - 3,988 4,107Miscellaneous - 2,120 18,637

Total reimbursed by Credo Aid - 10,336 26,095

2,294,815 2,382,170 2,106,610

EXCESS (DEFICIENCY) OF REVENUE OVEREXPENSES BEFORE AMORTIZATION ANDOTHER ITEMS (53,850) 80,011 166,989

AMORTIZATION AND OTHER ITEMS Amortization of property and equipment - (52,548) (53,952)Amortization of deferred capital contributions - 29,655 29,118

- (22,893) (24,834)

EXCESS (DEFICIENCY) OF REVENUE OVEREXPENSES $ (53,850) $ 57,118 $ 142,155



Statement of Cash Flows


2021 2020

OPERATING ACTIVITIESExcess of revenue over expenses $ 57,118 $ 142,155Items not affecting cash:

Amortization of property and equipment 52,548 53,952Amortization of deferred capital contributions (29,655) (29,118)

80,011 166,989

Changes in non-cash working capital:Accounts receivable 9,658 (8,331)Goods and services tax recoverable (2,579) 1,718Prepaid expenses (4,876) 465Deposits - 14,000Accounts payable 11,193 2,525Government remittances payable 4,409 2,823Deferred contributions 2,500 -Prepaid tuition 19,560 (32,745)

39,865 (19,545)

Cash flow from operating activities 119,876 147,444

INVESTING ACTIVITIESPurchase of property and equipment (69,846) (66,272)Increase (decrease) in due to Credo Christian High School 2,304 47,057

Cash flow used by investing activities (67,542) (19,215)

FINANCING ACTIVITYRestricted contributions related to future capital assets

received (Note 6) 39,644 -

Cash flow from financing activity 39,644 -

INCREASE IN CASH FLOW 91,978 128,229

Cash - beginning of year 714,538 586,309

CASH - END OF YEAR $ 806,516 $ 714,538



Notes to Financial Statements


1. INCORPORATION AND ORGANIZATION

The Canadian Reformed School Association of Langley (the Society) was incorporated under theBritish Columbia Society Act and operates an independent elementary school located in Langley, BCunder the name Credo Christian Elementary School.

For income tax purposes, the Society is a Registered Charity exempt from income taxes underSection 149(1)(f) of the Canadian Income Tax Act.

2. BASIS OF PRESENTATION

The Society has entered into an operating agreement with The Canadian Reformed School Societyof Abbotsford (John Calvin School) and Canadian Reformed School Association (William of OrangeChristian School) to operate a High School, currently operating as Credo Christian High School.These financial statements do not include the Society's interest in the High School as required underCanadian Accounting Standards for Not-for-Profit Organizations (ASNPO). As all members of theSociety have access to the financial statements of the High School it was determined that includingthe proportionate results of the High School in the statements of the Society would not provide betterinformation to its members.

Except as noted above, the financial statements were prepared in accordance with ASNPO.

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Cash and cash equivalents

Cash and cash equivalents are comprised of amounts on deposit at a Canadian banking institution.

Property and equipment

Property and equipment is stated at cost less accumulated amortization and is amortized over itsestimated useful life at the following rates and methods:

Buildings 2% declining balance methodFurniture, equipment, improvements 10% straight-line methodComputer equipment 10% - 33.3% straight-line methodMusical instruments 10% straight-line method

The Society regularly reviews its property and equipment to eliminate obsolete items. Any impairmentloss is measured at the amount by which the carrying amount of an asset exceeds its fair value.

Property and equipment acquired during the year but not placed into use are not amortized until theyare placed into use.

Tuition, Membership, and Salary Accruals

Domestic tuition and membership fees with respect to the school year ended June 30th are payableto the school over a twelve-month period commencing September 1st. Accordingly, the Society hasincluded in accounts receivable tuition and membership fees which are due in the months of July andAugust, 2021. Similarly, salaries and benefits for the school year that also extend into July andAugust, 2021 are included in accounts payable to cover these costs.

(continues)

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3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Revenue Recognition

Tuition fees, membership fees, government grants and restricted donations are recognized asrevenue in the year in which the related expenses are incurred.

General donations, fundraising, interest and other revenue are recognized in the year in which theyare received.

Deferred Contributions

Deferred capital contributions represents the unamortized portion of donations and grants receivedfor the funding of property and equipment purchases. Such deferred funding is amortized to revenueon the same basis and using the same amortization rates as the related assets.

Deferred contributions not related to property and equipment are deferred until the year in which therelated expenses are incurred.

Contributed services

The operations of the organization depend on both the contribution of time by volunteers and donatedmaterials from various sources. The fair value of donated materials and services cannot bereasonably determined and are therefore not reflected in these financial statements.

Internally restricted net assets

The Society's board of directors have internally restricted their net assets for various purposes asfollows:

Internal restrictions for grant reserve are restricted as an emergency fund should the Society befaced with unforeseen negative financial conditions, or an unforeseen drop in funding. The board hasdetermined that the reserve should maintain a minimum balance of 10% - 15% of the total estimatedoperating budget. This balance is reviewed and adjusted as necessary annually.

Measurement uncertainty

The preparation of financial statements in conformity with ASNPO requires management to makeestimates and assumptions that affect the reported amount of assets and liabilities, disclosure ofcontingent assets and liabilities at the date of the financial statements and the reported amounts ofrevenues and expenses during the period. Such estimates are periodically reviewed and anyadjustments necessary are reported in earnings in the period in which they become known.Significant areas requiring the use of estimates include the determination of any allowance fordoubtful receivables and determination of the useful lives of property and equipment. Actual resultscould differ from these estimates.

The COVID-19 pandemic has resulted in the disruption of global trade, which has had wide-rangingimpacts on the Canadian economy. Certain amounts recognized in the financial statements includingthe provision for doubtful receivables are subject to increased levels of measurement uncertainty.The recognized amounts are based on management's best information and judgment but theeventual amounts realized may be materially different from these amounts.

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4. PROPERTY AND EQUIPMENT

2021Accumulated Net book

Cost amortization value

Land $ 135,000 $ - $ 135,000Buildings 1,364,518 376,121 988,397Furniture, equipment, improvements 385,144 300,102 85,042Computer equipment 57,723 53,516 4,207Musical instruments 4,350 3,892 458

$ 1,946,735 $ 733,631 $ 1,213,104

2020Accumulated Net book

Cost amortization value

Land $ 135,000 $ - $ 135,000Buildings 1,320,876 355,949 964,927Furniture, equipment, improvements 364,335 274,975 89,360Computer equipment 52,503 46,702 5,801Musical instruments 4,175 3,457 718

$ 1,876,889 $ 681,083 $ 1,195,806

5. RELATED PARTY TRANSACTIONS

As described in Note 2, the Society operates Credo Christian High School as a joint venture withJohn Calvin School and William of Orange Christian School.

Under the terms of the joint venture agreement, the Society is responsible to include the HighSchool's students in its reporting related to the BC government grants. The Society receives thegrants on behalf of the High School and remits the amount to the High School accordingly. For thecurrent year the Society collected and remitted grants in the amount of $1,590,065 (2020 -$1,621,118) which are not included in the results of the Society.

The Society made payments totaling $607,980 (2020 - $596,213) to Credo Christian High School forthe Society's share of operations. As at June 30, 2021, an outstanding payable totaling $97,989(2020 - $95,685) is due to Credo Christian High School and is subject to normal trade terms.

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6. DEFERRED CAPITAL CONTRIBUTIONS

2021 2020

Donations received which were restricted by donors to be appliedto building expansion and improvements:

Balance at beginning of year $ 279,803 $ 284,832Contributions received 39,644 -Less: amortized to revenue (6,389) (5,029)

Balance at end of year 313,058 279,803

Donations received which were restricted by the donors to beapplied to field and playground improvements:

Balance at beginning of year 49,213 61,517Less: amortized to revenue (12,304) (12,304)


Donations received which were restricted by the donors to beapplied to equipment and furniture acquisitions:



Donations received which were restricted by the donors for futurecapital expenditures:



$ 444,315 $ 434,326

7. COVID-19 ADDITIONAL FUNDING AND EXPENSES

During the year, the School received $39,379 in funding through the BC Ministry of Education as partof the Federal Safe Return to Schools funding issued in response to the COVID-19 pandemic, whichis included in government grants on the Statement of Operations. The school incurred additionalexpenses related to operating within COVID-19 protocols of $30,845 which has been included inCOVID safety expenses on the Statement of Operations. The School does not anticipate that any ofthe amount received will be required to be repaid, and does not anticipate any additional amounts willbe received.

8. COMMITMENTS

As described in Notes 2 and 5, under the joint venture agreement the Society is committed tocollecting and remitting the High School's portion of government grants received as well as the HighSchool's portion of tuition. As at June 30, 2021, the Society has no reason to believe this agreementwill change.

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9. REMUNERATION DISCLOSURE

During the year ended June 30, 2021, the Association paid total remuneration of $491,694 (2020 -$468,733) to five (2020 - five) employees for services, each of whom received total annualremuneration of $75,000 or greater. Remuneration includes all wages, bonuses, and taxablebenefits.

10. ECONOMIC DEPENDENCE

The Society received approximately 50% (2020 - 46%) of its total revenues from the B.C. Ministry ofEducation. The Society has no reason to believe this relationship will not continue in the future.

11. FINANCIAL INSTRUMENTS

Financial assets include cash and accounts receivable and are measured at amortized cost aspresented on the balance sheet. Financial liabilities include accounts payable and amounts due torelated parties and are measured at amortized cost as presented on the balance sheet.

The Society is not exposed to currency risks because it does not transact in foreign currencies. It ismanagement's opinion that the association is not exposed to significant credit risk from its accountsreceivable. The Society is not exposed to significant financial risk on its cash on deposit because theinterest rate that it earns on these deposits is not a material amount. Accordingly, the Society is notexposed to any material risk of loss if the prevailing market rates change significantly.

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Branches

In This Issue:

• Short Reports of Board Meetings

• Minutes of May 26, 2021 Budget Meeting

• AGM October 27 Agenda

• Board Nominee Profiles

• Financial Statements

The purpose of our parental Christian School is to educate our children to develop their individual potential and to acquire the

knowledge, skills and attitudes needed for a life of responsible stewardship in God's Kingdom.

Board of Directors

Paul Sikma (2022)

Ian Moes (2021)

Keith Broersma (2022)

Roger Aikema (2021)

Richard Welfing (2021)

Brad VanOene (2022)

Stuart Vanderhorst (2023)

Mirjam Scholtens (2023)

Education Committee

Otto Bouwman

Yvonne Jacobi

Kathy Noort

Lydia Driegen

Membership Committee

Roger Aikema

Kyle Mostert

Katie Vandergaag

Finance Committee

Ian Moes

Maintenance Committee

Stuart Vanderhorst

Darryl Hofsink

Ivan Scheper

Staff

Otto Bouwman

Jennifer Onderwater

Leslie Scholtens

Mary MacDougal

Adrienne Kieneker

Debora Minderhoud

Stephen Chase

Wendy Winkelaar

Evelynn Scheper

Katelyn Mostert

Linda VanSpronsen

Natasja VanRhee

Nadine Krikke

Ben Vandergugten

Diana Nobel

James Kanis

Deborah Huttema

Yvonne Jacobi

Mekayla Bouwman

Rose Doulome

Lizzy Breukelman

Alex DeBoer

Lisa Devries

Tania Grim

Yolanda Hoogstra

Robyn Kampen

Kim Meints

Jolena Onderwater

Shania Pol

Spencer Pruim

Wilma Santema

Lindsay Schouten

Shelley Sikma

Jacqueline Spoor

Sharon Struik

Nadia VanRhee

Joy VanVliet

Breanne VanWoudenberg

Meghan Visscher

Jackie VanOene

Belinda Dykstra

Kendra Vandergaag

Credo Aid

Marcia Wildeboer

Allison Vandeburgt

Fee Structure 2021-2022

Membership / 125.00

Kindergarten / 365.00

Elementary (1-5) / 575.00

Chairman

Vice-Chair/Treasurer

Secretary/CCSTA

Fundraising/Membership

Valley-Wide Committee

CCHS Representative

IT/Maintenance

EdCom/Staff Relations

Mirjam Scholtens

Jacoba Leyenhorst

Jennifer Onderwater

Garett Vane

Mandy Dewit

Joel Vandergriendt

Kendra Vandergaag

Belinda Dykstra

Roger Aikema

Al Scholtens

Matt Schouten

Principal

VP & Grade 1

Kindergarten

Grade 1 & 2

Grade 1

Grade 2

Grade 3

Grade 3

Grade 4

Grade 4

Grade 5

Grade 5

Grade 6

Grade 7

Grade 8

Grade 8

SpEd, LA

Music - Elementary

Music - Middle

French - Middle

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Educational Ass’t

Librarian

Bookkeeper

Office Administrator

Marilyn Mostert

Leanne Grim

Cheryl VanDenHoven

Middle (6-7) / 595.00

Grade 8 / 720.00

Junior High (9-10) / 745.00

Senior High (11-12) 795.00

Volume 34

Issue 2

October 13, 2021

Grade 5

Credo Christian Elementary School

2021-2022 Staff

Grade 5 Squamish Field Trip Britannia Mines - Shannon Falls - Alice Lake

Psalm 100:5 - Gr8A Classroom

credo christian elementary school 2022 staff britannia

Documents